The General Agreement on Tariffs and Trade (GATT): a. has as its goal the limitation of international trade to those countries without human rights violations. b. is the same as the WTO. c. does not address tariffs. d. is subscribed to by the United States
Added by Olga J.
Step 1
The General Agreement on Tariffs and Trade (GATT) was established in 1947 to create a framework for international trade by reducing tariffs and other trade barriers. Show more…
Show all steps
Your feedback will help us improve your experience
Jennifer Stoner and 58 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
20. In 1994, the General Agreement on Tariffs and Trade became ... 1) The North American Free Trade Agreement 2) The World Trade Organization 3) The Kyoto Protocol 4) The Montreal Protocol 5) The Convention on Trade in Endangered Species 21. The NAFTA Commission on Environmental Cooperation (CEC)... 1) Requires harmonization of environmental regulations 2) Places tariffs on corn imports to protect the environment 3) Penalizes corporations that harm the environment 4) Produces reports on environmental issues but has few enforcement powers 5) Has ordered a phase-out of environmentally damaging gasoline additives 22. Chapter 11 of NAFTA... 1) Protects natural resources such as air and water 2) Provides for strengthened environmental regulations 3) Removes distortionary subsidies 4) Protects existing environmental regulations 5) Protects the interests of foreign investors
Jennifer S.
Which action was implemented in the Uruguay Round, finalized in December 1993? a. reduction in the protection for patents, trademarks, and copyrights b. establishment of the World Trade Organization c. extension of the GATT to cover consumer products d. enhancement of trade barriers
Sri K.
What events led to the General Agreement on Tariffs and Trade (GATT)? Why did the WTO eventually replace the GATT?
Comparative Advantage and the Gains from International Trade
The Arguments over Trade Policies and Globalization
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD